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refers to the rate at which two currencies are exchanged one-for-another.
1
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BTC/USD price changes approximately the same way over many exchanges at the same time, how?
There are a lot of traders who are are running arbitrage strategies. The whole premise is that, if the value of BTC relative to USD increases/decreases on one exchange due to a short term decrease/inc …
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Accepted
Crypto Exchange Price based on BTC
When you talk about the price on the X-BTC market, that's what the market thinks is the fair price for X relative to BTC. When people trade BTC-USD, they don't really concern themselves with "oh, what …